Central banks will start buying Bitcoin to hedge dollar risks

The co-founder of Morgan Creek, Anthony Pompiano, believes that central banks will start buying bitcoins in the near future.

On Twitter, he wrote that with the help of alternative assets, financial regulators are trying to hedge the dollar risks that have emerged amid tensions between the US and China.

In addition to bitcoin, gold is also becoming a popular asset, in which central banks have already invested more than $ 15 billion. In the near future, we will see how they will increase the purchase of BTC .

Central banks bought more than $ 15 billion of gold in the first 6 months of the year.

They are trying to hedge their US dollar.

Wait till they find out about the non-correlated, asymmetric upside profile of Bitcoin.

Every central bank will be buying Bitcoin

– Pomp ? (@APompliano) August 1, 2019

Pompiano stressed :

“Wait until they [central banks] learn about the growth of Bitcoin. Every central bank will buy bitcoin. ”

The Federal Reserve secretly bought dogecoin pic.twitter.com/RJh2noBLEJ

– MohistMan (@MohistMan) on August 1, 2019

One of the Twitter users under the nickname MohistMan commented on the Pompliano post with a joke that the US Federal Reserve has already secretly bought cryptocurrency , but not Bitcoin, but Dogecoin.

Earlier, the authoritative newspaper Financial Times reported that central banks account for one sixth of the total global demand for gold. Only in the first half of this year, regulators have invested $ 15.7 billion in this precious metal.

Pompliano has repeatedly stated before that BTC is one of the best forms of saving savings, so the demand for this asset will only increase.

Publication date 08/03/2019
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